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Oracle Accounting Hub Cloud 2021 Implementation Essentials Sample Questions:

1. What attribute of a subledger journal entry is NOT transferred to GL?

A) Supporting references
B) Accounting lines
C) Accounting class
D) Accounted amounts

2. Given the business requirement in the use case:
'New Trucks' runs a fleet of trucks in a rental business In the U.S. The majority of the trucks are owned; however, in some cases, 'New Truck' may procure other trucks by renting them from third parties to their customers. When trucks are leased, the internal source code is 'L'. When trucks are owned, the internal sourcecode is 'O'. This identifies different accounts used for the Journal entry. Customers sign a contract to initiate the truck rental for a specified duration period. The insurance fee is included in the contract and recognized over the rental period. For maintenance of the trucks, the "New Trucks* company has a subsidiary company 'Fix Trucks' that maintains its own profit and loss entity. To track all revenue, discounts, and maintenance expenses, 'New Trucks' needs to be able to view: total maintenance fee,total outstanding receivables, rental payment discounts, and total accrued and recognized insurance fee income.
What are the key transaction types mentioned in the use case?

A) Pay Insurance and Control Truck Services
B) Purchase Trucks and Deploy Trucks
C) Initiate Truck Rentals Contract and Pay Truck Maintenance
D) Purchase Trucks and Pay Out Trucks

3. What is NOT included in the minimum required accountingattribute assignments?

A) First Distribution Identifier
B) Distribution Type
C) Second Distribution Identifier
D) Accounting Date

4. After supporting references balances setup component is tagged to subledger journal entries, what type of reports need to be created so that the information is available to users?

A) a Smart View Report
B) an Oracle Transactional Business Intelligence analysis
C) a predefined Oracle Business Intelligence Publisher report
D) an Oracle Financial Reporting Studio report

5. A customer has a business requirement to provide additional information about subledger Journals that cannot be found in a predefined report.
How can you meet this requirement?

A) Build an OTBI analysis that includes a relevant subject area.
B) Create a Smart View report using the query designer feature.
C) Build a Financial Reporting Studio report that includes all dimensions.
D) Use either Account Monitor or Account Inspector to getrequired Information.

Solutions: